Enbridge (ENB) is a reliable high-yield dividend stock from my personal diversified dividend portfolio.
It provides investors with a reliable, high dividend yield that is growing in mid-single digits. In addition to great business performance, returns might be boosted by multiple expansion.
Enbridge owns and operates mission-critical energy infrastructure in North America. 25% of crude oil in NA was transferred through Enbridge's pipelines as well as 20% of natural gas consumed in the U.S. in 2019. In addition to this, the company has around 3.8 million customers for its gas utility business and 1.8 GW worth of renewable energy on long-term contracts.
Although the company transports commodities with fluctuating prices, ENB has a business model with predictable cash flows. It's insulated from oil & gas price movements with 98% of EBITDA either regulated, cost-of-service or contracted. 95% of Enbridge's customers are investment-grade companies.
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Disclaimer: I hold a long position in ENB. This is NOT a recommendation to buy or sell any shares. You can lose a part of or all your invested capital.I am not responsible for the accuracy of any of the figures presented in the article. I am not a financial professional of any kind. Any stock transactions or analysis published should NOT be considered to be investing recommendations. Before making any investing or financial decisions, contact an appropriate professional.This website should be viewed for entertainment purposes only.
